Strategic Blueprint LLC Acquires 2,680 Shares of AT&T Inc. (NYSE:T)

Strategic Blueprint LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,769 shares of the technology company’s stock after purchasing an additional 2,680 shares during the quarter. Strategic Blueprint LLC’s holdings in AT&T were worth $701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of AT&T during the 2nd quarter worth approximately $18,285,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in AT&T during the second quarter valued at approximately $44,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in AT&T by 9.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,989,100 shares of the technology company’s stock worth $38,012,000 after purchasing an additional 178,100 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of AT&T by 4.7% in the 2nd quarter. Centaurus Financial Inc. now owns 44,098 shares of the technology company’s stock valued at $843,000 after purchasing an additional 1,982 shares in the last quarter. Finally, Ashburton Jersey Ltd bought a new position in shares of AT&T in the 2nd quarter valued at $418,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

T stock opened at $24.04 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $22.89 and its 200 day simple moving average is $21.57. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The firm has a market cap of $172.46 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. On average, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.62%. AT&T’s dividend payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent analyst reports. Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.